Been a while since anyone has put anything here,so here are three folk-songs in Faroese most from the 19th century but based on older stories
One about Ólafr Tryggvasson building his ship Ormurinn: http://www.youtube.com/watch?v=Bts_v9mqv3g
Another one called Runtsivalstríðið or the song of roland: https://www.youtube.com/watch?v=sg_418mWCJE&feature=related
and one used by the band Tyr but in its traditional singing about the smith Regin, Regin Smiður: https://www.youtube.com/watch?v=WsFdpyX4mb0&feature=related